Market Trading Guide: Axis Bank, Ashok Leyland among 4 stocks to buy on Friday for up to 11% upside

Indian benchmark indices continued their winning streak on Thursday led by gains in IT and pharma stocks. Nifty remained volatile after a gap-up start, driven by a dovish Fed announcement. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that The short-term trend is likely to stay positive as the index is comfortably trading above its critical moving average. "The daily RSI is in a bullish crossover and rising above the previous swing high, indicating strengthening momentum. In the near term, support is placed at 25,300 and 25,150. On the other hand, crucial resistance is seen at 25,500. A decisive move above this level could trigger a rally towards 26,000. Overall, a buy-on-dips strategy remains favorable in the current market scenario," De said.Here are 4 stock recommendations for Friday: Stock Ideas